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Prepare a Will. Less than 50% of those who pass away have one. Without a will, you lose control of the possessions you worked a lifetime to acquire.
Leave a gift in your will for the charitable organizations that have made a difference in your life. Less than 6% of American households have included nonprofit organizations in their estate plan. Imagine the positive impact on your community and our country if everyone made a donation to a favorite nonprofit, even modestly. Leave a specific dollar amount or percentage of the assets in your will to your favorite charity.
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Consider using assets for your charitable gift. These include, but are not limited to, stocks, bonds, CDs, real estate, vehicles, art and jewelry. Such gifts may even provide tax savings.
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Use life insurance to leave your legacy.
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Purchase a new life insurance policy naming your favorite charity as the owner and beneficiary.
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Use your existing life insurance policy to benefit a charity.
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Change the beneficiary on an existing policy and name the charity to receive part of the ultimate benefit.
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Give the cash value accumulation of an existing policy.
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Give your annual dividends to your favorite charity.
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Use your annual dividends to purchase a new policy for a charity.
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Name a charity as beneficiary of your group term life insurance.
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| 4. |
Name your favorite charity as the beneficiary of your IRA or pension plan.
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Encourage family members and friends to plan estate gifts to charitable nonprofit organizations.
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Ask your financial advisor to include charitable estate giving as part of their counsel to other clients.
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Encourage your place of worship to emphasize the “stewardship of accumulated possessions” and to participate in LEAVE A LEGACY™ Iowa sponsored educational events.
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Volunteer to serve on a board of a nonprofit to help promote LEAVE A LEGACY™.
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INDIVIDUALS